IC Markets Review
IC Market is a superior choice for the automated trading solution. Before you decide to trade with this Australian broker, read our IC Markets reviews to clarify their trading concepts. IC Market’s minimum deposit is one major attraction for which people prefer to trade with them. We would try to cover all this broker’s aspects that you should know when planning to trade with them. We present both the positive and negative aspects so that you can compare and then make your decision while investing your hard-earned money.
IC Markets is a leading forex broker in Australia. They are expanding their best forex trading platforms horizon by serving international entities. Before going to the IC Markets review, let us look at the opportunities it provides as the best forex broker.
Privileges in trading through IC Markets are.
- A secure broker as the ASIC entirely regulates them
- Raw spread account offers the lowest possible spread
- Fast execution of a trade
- Outstanding trading technology
- Offer superior quality trading tools like inbuilt spread monitoring, Depth of Market (DoM), ladder trading, etc.
- IC Market allows automated forex trading, scalping, and hedging
- The amount of forex fee is minimum
- No deposit and withdrawal fee
While analyzing the experts’ IC Markets review, we found a few limitations of this broker. Such as,
- Slow performing live chat
- Does not provide adequate protection for the non-EU investor
What can You Trade Through IC Markets?
The Market emphasizes trading several liquid assets 24 hours on five days of the week. Like,
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IC Market Trading Platform
IC Markets MT4 platform provided the maximum trade volume, i.e., around 497.3 billion USD in Q4, 2018. MT4 AND MT5 are downloadable platforms. cTrader runs on the browser. The cTrader platform supports 26- frames, four types of charts, price alerts, etc., and offers raw trade. The trading platforms have a user-friendly interface and provide an extensive range of trading tools. There is no particular restriction on trading strategies. The three trading platforms of the IC Markets – MT4, MT5 & cTrader are available on mobile.
IC Market Pricing
Verifying multiple IC Markets reviews, we found the market offers a remarkably low spread on trade. The IC Markets minimum deposit is only 200 Dollars, an easy start for the retail traders. The trade commission is low and varies with the platform Markets leverage (1:500) offering is appreciating as well. The leverage is not inflexible. IC Markets leverage differs from changing the trading instrument and platform.
Does IC Markets offer a Bonus?
Unfortunately, there is no IC Market bonus on the trading. You may find it as a downside of the market. But honestly, not offering an IC Market bonus is a way to discourage overtrading. The market already has a strong reputation. They don’t prefer to provide products with using incentive too.
IC Markets demo account is an additional privilege to all levels of traders, especially for beginners. The trading account is available for all trading platforms and products. The demo account opening requires no charge. Such an IC Markets demo account is a perfect option to learn trading strategies and prepare thyself to use the live account. Inactive for 30 days, rises the chance to deactivate the IC Market demo account.
Once you learn the strategies, it is time to go for the IC Markets live account. You will get access to trade around 200 products using the live version. IC Markets live account gives instant funding on opening the account.
As we provide you the overall IC Markets review, let us answer some FAQs’ regarding the market.
Frequently Asked Question (FAQ) regarding the IC Market
- Is the market safe or a scam?
Trading with IC Market is safe as ASIC and CySEC closely supervise the operation of the market.
- How many types of accounts does the Market offer?
IC Market offers two different accounts with different offerings.
They are 1. Raw Spread, and 2. Standard account.
- Is the market ECN/STP broker or the market maker?
This forex provider offers the ECN pricing model
- What is the minimum spread value?
- Pips (EUR/USD pair)
- Does IC Market accept traders from all over the world?
No. Traders from the US, Canada, Zimbabwe, Iran, Iraq, Ghana, Cote D’Ivoire, Cuba, Liberia, Niger, and Togo don’t have permission to access this market.
- What are IC Market’s trading hours?
The market runs on the global trading hour. The market is open 24 hours a day and five days a week.
After Reading the IC Markets reviews, we expect you already know the privileges of trading with such a dynamic best forex broker. IC Markets offers considerable variation in trading parameters like the account, platform, instrument, etc. With the IC Markets minimum deposit, i.e., 200 Dollars, you can trade your preferred product from the live account. Try IC Market brokerage to get a delightful trade experience.
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